• NY opened near 1.1390 after 1.1424 traded on EBS overnight, slide extended

• US$, US yields traded firmly in NY's morning, helped EUR/USD fall to 1.1296

• Pair then bounced towards 1.1400 but then slid back below 1.1330

• EUR/JPY drop and equity, US Treasury price gains weighed on EUR/USD

• EUR/USD traded down -0.29% late in the day which had techs send mixed signals

• Long upper wick on daily candle & daily RSI are concerns for longs

• Rising monthly RSI and hold above 5-DMA gives longs comfort however
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)